In 2023, the turnover in the casting of iron and steel sector in Germany was significantly impacted by global economic uncertainties and supply chain disruptions. Moving into 2024, forecasts suggest a modest recovery, projecting a turnover of 8.71 billion euros. This trend is expected to continue with a steady increase: 8.78 billion in 2025, 8.86 billion in 2026, 8.93 billion in 2027, and 9.01 billion in 2028. The year-on-year growth indicates mild, upward momentum, with an average compound annual growth rate (CAGR) that remains conservative, reflecting industry stabilization.

Future trends to watch for:

Technological advancements in casting methods improving efficiency and reducing costs.
Increasing demand for sustainable and environmentally friendly production processes.
Potential impacts of geopolitical factors on raw material accessibility and costs.
Shifts in global supply chains that could affect exports and imports.
The automotive industry's influence on demand as electric vehicle production rises.